Research On Influence Of Ownership Structure On Accounting Policy Changes Under The Context Of Reform Of Equity Division

Accounting information is a language reflecting company's financial position, operating results and cash flow, through which investors could decide whether to invest. Due to the complexity of economic environment, accounting standards stipulate that companies use different accounting policy according to their own state of operation and environmental change, and also change the early or late accounting policy under the law or accounting regulations. Every user of accounting information would choose to change their own accounting policy for the sake of their own, the drive of which often causes legal but unreasonable change of accounting policies. So accounting policies in form is a technical standard, but essentially it is the result of interest game. China has always made every effort for optimizing ownership structure, and in April 2005, began to implement equity division reform. With the completion of equity division reform of listed companies, the change of the ownership structure of our country's listed companies lead to the change of factors affecting accounting policy change.What kind of impact will the equity structure produce on accounting policy changes? Will equity structure have any new feature after equity division reform? These questions are waiting for us to study. This paper hopes to study the influence of accounting policy changes through the opportunity of equity division reform.This research is divided into five parts. The first part introduces the background, aim and significance of the research, reviews related domestic and foreign literature, expounds the research idea and methods. The second part analyses the theory of accounting policy change, defines the accounting policies and accounting policy change, discusses related theory basis of the accounting policy changes. The third part is the share-trading reform background the shareholding structure of accounting policy change impact analysis. First introduces share-trading reform of system background, and analyzes the background of reform of non-tradable shares shareholding structure of accounting policy change influence from the mechanism of action, and the share concentration ratio, state-owned shareholding percentage between degree of ownership balance and three aspects, in theory, discusses the variations of the ownership structure changes on the influence of the accounting policy changes.As an empirical analysis of accounting policies, the fourth part, firstly makes statistical analysis of a sample company with change in accounting policies, and then divides the sample into two sample group, one before reform, and the other after reform, and establishes Logistic regression model, and applies the SPSS software to conduct correlation analysis among variables. The fifth part draws the conclusion, and makes suggestions.The conclusion of the paper includes:1, it theoretically analyzes the influence of the equity structure on accounting policy changes, the shareholding ratio of state-owned shares, the share concentration ratio and share ratio between degree of ownership balance will cause the different influence of profit due to accounting policy changes.2, equity division reform has changed the listed ownership structure of our country, after analysis of the impact of the shareholding structure on the accounting policy changes of the listed companies before and after the reform of equity division, the findings are as follows that the influence of shareholding ownership structure on the accounting policy has changed.The ratio of the state-owned shareholding,whether before the reform or after, is significant positive correlation to the accounting policy changes with rising profits. Before the reform, ownership concentration with rising profits accounting policies change is significant positive correlation, but after the reform,the correlation is not sure. In between degree of ownership balance before changing with adjustable increase profits accounting policies change is significant positive correlation, after changing ownership restriction of increasing profits with adjustable accounting policy changes, but no significant sexual relations has happened after changing the accounting policy change of corporate ownership restriction degrees below before changing the accounting policies change happened between degree of ownership balance.